Did you ever notice: When you put the words “The” and “IRS” together, it spells “THEIRS?”
Here we are … April 15. Biggest day on the CPA calendar. Just a few more hours and we can put another tax season to bed.
Just enough time for a few more laughs at the Tax Man’s expense.
First …… there’s this NPR / Planet Money report from Chana Joffe-Walt, who asks: Why can’t they give our credits and deductions simple, easy-to-understand names?
CPAs from coast to coast — including MACPA friends and young-CPA movers and shakers Greg Kyte and Shayna Chapman — have been working on an answer, and they shared their ideas with Joffe-Walt.
Cases in point: Chapman says the mortgage interest tax deduction should be called the “we want you to spur the economy by buying a house” deduction.
Kyte disagreed. He’d call it the “help create the next housing bubble” deduction.
Listen to the NPR story in its entirety.
Our next laugh …… isn’t exactly of the funny-ha-ha variety. More like funny-peculiar.
It’s a Pew Research report that finds one-third of Americans actually like to do their taxes. People with household incomes of less than $30,000 were most likely to enjoy the annual chore.
“The most common reason people gave for being a fan of tax time is that they like getting a refund,” NBC Today reports. “Others said they thought they were good at it.”
Finally …… there’s David Letterman’s annual ode to tax season — a Top 10 List featuring New York City-area accountants. This year’s topic: Top 10 things you don’t want to hear from your accountant.
My favorite: “Ignore the blood stains.”
Watch the full list:
Happy home stretch, everyone!